Lease Options in Real Estate - Masterclass Video 7 w/ Pace Morby
HTML-код
- Опубликовано: 5 окт 2024
- Creative Finance strategies will be some of the most useful ways to get deals coming in 2023 and beyond! You should understand all possible creative strategies! I sit down with Pace Morby and we discuss all of them at length!
Watch the entire series!
• Creative Finance MASTE...
FREE Creative Financing Hacks Guide:
CreativeFinanci...
To learn more about creative financing, schedule a free strategy call. Go here:
PaceandJerry.com
----------------------------------------------
With over 1,000 Videos, this is the #1 channel on RUclips for all things wholesaling and flipping. SUBSCRIBE NOW!
/ flippingmasterytv
Listen to your favorite Flipping Mastery TV videos on your favorite podcast platform!
www.buzzsprout...
Jerry Norton went from digging holes for minimum wage in his mid 20's to becoming a millionaire by the age of 30. Today he's the nation's leading expert on flipping houses and has taught thousands of people how to live their dream lifestyle through real estate.
**NOTE: To Download any of Jerry's FREE training, tools, or resources…
Click on the link provided and enter your email. The download is automatically emailed to you. If you don’t see it, check your junk/spam folder, in case your email provider put it there. If you still don't see it, contact our support at: support@flippingmastery.com or (888) 958-3028.
Get Paid $10,000 to find deals for Jerry:
www.My10kCheck.com
Wholesaling & House Flipping Software:
GetFlipster.com
Get Unlimited Seller Leads For Less Than A Penny!
getunlimitedsel...
Get 100% funding for your wholesale deals!
UseJerrysCash.com
Advanced Mentor Program:
FastTrackwithJe...
FREE 8 Week Training Program
8weekacademy.com
Get Paid $8700 To Find Vacant Lots For Jerry:
flippingmastery...
FREE 30 Day Quickstart Kit
MyQuickstartKit...
FREE Virtual Wholesaling Kit:
VirtualFlipperK...
FREE On-Market Deal Finder Tool:
MyDataCruncher.com
Get 100 Seller Leads With Free Skip Tracing For $1.00:
100sellerleads.com
FREE Purchase & Sale and Assignment Contracts:
wholesalercontr...
FREE Cash Buyer Directory (100 Free Cash Buyers)!
freecashbuyers....
FREE Lot Finder Tool:
vacantlotfinder...
FREE Craigslist Deal Finder Tool:
flippingmaster...
FREE Comp Tool:
CompMyDeal.com
FREE Funding Kit:
MyFundingKit.com
FREE Wholesale JV Contract:
flippingmastery...
FREE Wholesale NDNCA Contract:
flippingmaster...
FREE Affidavit & Memorandum of Agreement:
flippingmaster...
FREE Termination of Contract and Price Reduction Addendums:
flippingmaster...
FREE Option Agreement:
flippingmaster...
FREE Escalation Clause Addendum:
flippingmaster...
FREE Flipping Disclosure Addendum:
flippingmaster...
FREE Seller Rent-Back Agreement:
flippingmaster...
FREE Agent Offer Sheet & Scripts:
AgentOfferScrip...
FREE Motivated Seller Scripts:
FreeSellerScrip...
FREE Cold Calling Scripts
(& 20 Powerful Phrases to Build Trust):
flippingmaster...
FREE LLC Flipper Kit to Overcome a No-Assignment Clause:
LLCFlipperKit.com
FREE Deal Analyzer Software:
MyDealAnalyzer.com
FREE Rehab Estimator Tool:
flippingmastery...
Free Contractor Agreement:
flippingmaster...
FREE Report: 67 Ways to Find Motivated Sellers:
flippingmaster...
FREE Zillow Motivated Seller Key Word Master List
flippingmaster...
FREE Facebook Ad Templates:
flippingmaster...
FREE Subject To Contract Pack
& 30% Off Discount Code for Full Service Closings:
flippingmaster...
FREE 6 Figure Flipping Business Blue Print and 10 Steps to Your First Deal:
flippingmaster...
FREE Best Selling Wholesaling Ebook:
flippingmaster...
FREE Best Selling Fix and Flip Ebook:
flippingmastery...
FREE Best Selling Flipping Notes Ebook:
www.FlippingNot...
FREE Rehab Checklist:
flippingmaster...
Get Unsecured Funding For Your Real Estate Business:
flippingmaster...
FREE Goals Workbook & Mastermind Guidelines:
freegoalsworkbo...
Guide to Flipping Houses With Your IRA:
flippingmaster...
Earn a FREE Flipping Genius Award!
Tell us all about a completed deal using one of Jerry’s methods.
FlippingGeniusC...
LET'S CONNECT...!
FACEBOOK:
/ flippingmastery
INSTAGRAM:
/ flippingmastery
TIKTOK:
/ therealjerrynorton
#FlippingHouses #WholesalingHouses #FlippingGenius
Literally just sent an agent to this video on a deal that Im working on. THANK GOODNESS we made this video.
Flipping genius!
Love it Been doing lease option over 25yrs, 450 Million. LO is cheap way to get into assets
I started learned about this stuff 2 days ago and I'm already trying to get an agent to sit and negotiate a three-unit multi-family deal. I was in the process of using a VA loan but if I can use create a finance instead it's going to save a lot of headache and a lot of money and open up a lot of doors. The amount of value and how easy the stuff is to apply is just crazy.
Great 👍🏿
Did you pick up the 3 unit , get favorable terms and working with a great agent ?
My investor clients want to buy over 500 units
Did you get the deal?
How did it go?
I have used my VA home loan three times to purchase 4plex's And I have used FHA loan one-time for a fourplex. Take advantage of those loan programs and then on the side use create a financing. Don't let those low down home loan programs go to waste
I have 45 multi-family units in the Phoenix Metro of Arizona. Net worth of 3 million.
use all tools available to purchase property and hold on to it
It’s starting to click like I woke up and took the red pill, I could shed some tears 🥲 appreciate you guys
Check out rental listings, and find one willing to do a lease option and wholesale that? That’s great! Just blew my mind a little bit. 👍 how did I not catch that the first time I watched this video? Thank you for that, and all the other amazing content over the years. The value is beyond just numbers on paper or a screen.
Explain more
This whole series is so great! Pace really explains these strategies well. You guys are the best!
Option fees are non-refundable ✔️
2 year option ✔️
Good options
239 in the house!
Options and lease options are my two favorite videos.
This series is Flippin awesome. I was literally churning the brain on how to navigate some of the same situations you mentioned
Great info
Finished watching the 7th video and plus I built a little confidents a long the way. Can't wait for the novations, this is so exciting !!!
This is good guys! Much appreciation! Jerry you showed your heart in this one! The goal is to position the buyer to be able to actually buy the property. Love this!
I need to watch all of these videos multiple times!
This play list of creative finance by pace hands down is the best…the way he broke it down hands down has made me look at finances different….thank u pace and flip man 🔥🔥👏👏💪🫡
Both of you, flipping geniuses, the most generous of men. Thank you for sharing your knowledge. You are changing and affecting thousands of lives. 👏👏👏👏
Two of the Best in the Business Here! Pace & Jerry Rock!
Just keeps getting better and better. Thank you both!
This series is so, so helpful and amazing with So Much information! I wish I could have a "plug and play" software program for my brain that would be able to execute these different strategies instantly when talking with a potential seller...but then again, that comes with time and practice! Lol! Thank you guys for the wealth of extremely helpful information you are so generously sharing with us all! I am so appreciative!
Thank you for this!! This is soooo valuable! ❤
this series is so awesome, thanks Gents!!
Love it guys! I've been learning so much about creative financing with Greg Pinneo and it's good to hear other people explain it too. I've been working on simple ways to explain to sellers. Love all the input thanks!
This whole series content is price less, you both are the bomb 💣💯
Again, so easily digestible, clear and concise ! Thank you! 🙏🏽
Hey Jerry! Absolutely love your channel, you're doing a great job helping people! There's one thing I'm wondering about and I haven't seen you talk about this. How do you feel about making offers right on Redfin by simply pressing the button "Start an offer" and then filling out the form? Is this a viable way to make offers? It's much less time consuming than calling agents so it got me intrested. Thank you for what you're doing again!
I love this, guys. You guys are flipping genius. 😊 👏🏾
This info is GOLD!! Thank you Pace and Jerry!!
You two together sharing the nuggets, how delicious! Thanks so much 🙏
I do lease options all day. But we take care the buyers also helping them structure financing
OMG I have learned so much, thank you!
Very interesting lease option tactics, thank you
Love the whole series
Thank you for sharing!
You guys are flipping geniuses!!
Love you both! So much fantastic info!!
Lease Option ...advertise that you have Rent to Own and you have line of buyers mile long...
I replay each video by Pace and Jerry...least 3 times..
And I will always find new material..
Love story Porto Rico Hotel...woow what creative finance...
Need white board or two!!
Dale
Hi advertise it where?
jerry, youre a fricking flipping genius
Nice that you said I don't want to set people up to fail. People that are just wanting the option fee and NEXT are like house repo people.
Thank you. Ya’ll are awesome
I genuinely appreciate both of you guys. Do I need an attorney to structure sand which lease options?
Thanks, you both are great teachers!
great series
i love you guys, you all are my illegitimate brothers
Thanks guys!!!!
Thank you! These videos are so very helpful. These videos popped and I went down a rabbit hole. A deal fell into my lap and I dont know how to put it together. It's my first deal . It is a hybrid, sub to with an open HELOC and seller financing. Can I get some help with structuring this deal? I dont know what to do with the HELOC. Any information is good information.
You guys are awesome thank you for all you do💪
wow this is amazing
your a flipping genius
Best, best, and the best. Changing thousands of lives. Wish All the best for flipping geniuses
Subto student haven't gotten my first deal. So these I can sent to agents so they can present to agent.
Love this series 💪
Question: How do you structure your assignment fee? I believe you mentioned that it can be collected in the "option-fee", but how do you separate the funds being demanded of the property owner & your desired assignment price?
Awesome content !!!
Great video, have you ever combined a master lease and an option agreement? I feel like I could cash flow and double close at a later time?
Dos flippin geniuses!
With my LO we did a set price OR the appraised value WHICHEVER IS HIGHER.
You can put yourself in the chain of title with an Affidavit or a memorandum and force the seller to sell.
That's your protection. Controlling property is the name of the game.
Also, seller who holds title pays Prop ta es and insurance!
Hey Jerry, is it possible to wholesale virtually in the united states from Canada?
For sure!
My10kcheck.com
These videos are making feel like I can do this, so much so I’m calling realtors and trying out the techniques. This maybe dangerous for me. I may stumble onto a deal without fully knowing what I’m doing. 😅
jerry and pace my question is what's too much equity? when it passes $150,000 in equity and the seller has a mortgage on the single family should sub 2, creative finance, or lease option should be considered
AMAZING GRACIAS GENTLEMAN
I'm very confused in the example that you gave you said that your friend just pocketed the option fee and passed the lease option over to a buy and hold investor to take on a cash flowing property. If he pocketed it how does the seller get their option fee??
How about contracts/documents for all of these strategies?
This one was probably the most confusing of the bunch.
Would you recommend Lease Options for first time Real Estate Investors??
Question: what happens if youre the buyer who committed to a 5 yr lease option and decide to execute to purchase the property on year 5, but the seller is not willing to seller finance/sub2? as the buyer, did they just commit 5 years just to hear that the seller only wants cash only? To protect yourself, would you negotiate creative financing for the execution date prior to signing the lease option agreement? bc the point of this is to buy the property with good terms. I wouldn't want to end up going thru a hard money lender or bank after committing 5 year lease option
You both agree on the purchase method before signing the lease option. So you would come up with the seller finance terms and put it in writing on the lease option agreement.
so i can assign a lease option today and make $5000. But if I have to pay the seller an option fee, which could be as much as $7500, where is the benefit there? (is the option fee mandatory, or only if the seller asks for $) And when you say i can assign it, I assume you mean I can find a tenant/buyer for the house, correct? someone to actually live in the property and hold the option to buy at a price I have already negotiated for them.
Your a flipping genius but if you try to sell with a lease option and land contract and your the buyer on those it’s a nightmare if the end buyer has a lender real magic has to happen In order for me to get them approved the transaction
Where do you find tenants who wants to do these lease options?
Is it 6% times 5? Isn’t the 6% compounded annually?
Jerry, are you still doing the finders fee for on market wholesale deals, or are you switching to creative finance?
still buying deals. don't care how you get it.
my10kcheck.com
Thank you. I hope to meet you in San Antonio at the grow summit in a couple weeks. !
💪🏽💪🏽💪🏽💪🏽💪🏽
Maybe I am confused $200k-$260k over 5 years would work in an appreciating market, and the buyer and seller would both need to agree that, yes the market will continue to increase; however, in today's market we cannot look into the future with too much certainty of appreciating markets. Right? There will definitely be depreciation due to the interest rate increases.
dialprospect ; you should be confused all of this is built on speculation, I know a few people who have become rich in real. So I asked 1 of them about all this stuff , they said it wasn’t sound and they couldn’t name 1 lender that would allow it . Just a different point of view
❤❤❤❤❤
Everybody subscribe and like, this is such incredible content
A flipping flipping genius. Lol
🤠🤠
You both have created so much valuable information with these videos!! I'm so Greatful!!🙏🫶💕
You know what...I am finally FED UP and 100% done with these property coaches...the biggest problem is these coaches expects you "AS A SIMPLE BROKER" between the owner who wants to have an exit....who most time think " why the hell am I dealing with a wholesaler who claims to assign a contract...YET treats the owner with a myriad of questions SAME AS A ESTATE AGENT"
These coaches are NOT clearly understanding that we who CAN FIND property owners who GENUINELY want to sell to a private investors
Why can't a broker albeit a single parent who can find owners happy to TALK TO A PRIVATE INVESTOR...
Why can't we be happy to SELL THAT CONTRACT to the private investor for a happy £2,000 instead of acting as a estate agent and sell the contract for £5,000+£10,000+
None of you property coaches understand that the BIGGEST thing that puts off people is saying that you are not an estate agent YET expect us to do the after repair value AS IF YOU'RE AN ESTATE AGENT???
I'm focusing on AI and marketing and building a digital centered business...not ONE so called property coach can ever answer that question, it's a horrible business to think about doing 🤷🏽♂️🙄😒
As a matter of fact I'd challenge these so called coaches that i follow their instructions, I'd sign a non disclosure agreement not to share the coaching, get two a lease options agreement and pay the coach ALL THE MONEY *in exchange for their extra coaching"
..why?
Because LEASE OPTIONS is NOT an accessible business for people who just want to lead opportunities to a private investor and not act as if I'm an estate agent working through an after repair value and WE have to determine if it's a HMO, SA, etc... IT'S LUDICROUS
Lease Option w Air B&B Combo would be Lethal. Sheeeeez
how does the agent get paid if theres an agent involved?